LFZ offers access to domestic, regional and international markets, says Rathi
Tata International is set to expand operations in Nigeria through a strategic partnership with the Lagos Free Zone (LFZ), reflecting its commitment to fuelling growth in Nigeria and the wider African continent.
“As a brand synonymous with quality products and ethical business operations in Africa, Tata International is excited to join the Lagos Free Zone. This strategic move reflects our commitment to fuelling growth in Nigeria and the wider African continent,” Anand Sen, MD, Tata International said in a release on 27 Nov 2023.
Sen has signed an agreement with Managing Director of Tata Africa Holdings Pty Ltd, Len Brand, marking a significant milestone in the company’s commitment to the region.
With a rich legacy spanning over four decades, Tata International is a key contributor to the economic landscape of the African continent. In 2006, Tata International established operations in Nigeria and since then has made a significant contribution in the country, upholding the core values of Tata’s business ethics and commitment to corporate social responsibility.
Promoted by Tolaram, a Singaporean conglomerate with over four decades of experience in Nigeria, LFZ is in Lekki, the sunrise development corridor earmarked by Lagos State Government for driving industrialization over the next two decades.
The agreement with LFZ involves the leasing of a state-of-the-art 6,000 square meter facility within LFZ, a move aimed at enhancing Tata International’s operational capabilities in the region.
“This collaboration with Tolaram underscores our dedication to fostering economic growth and increased competitiveness. We aim for this partnership to lead to greater efficiency, innovation, and specialisation in the region,” said Brand.
Navin Nahata, a member of the Tolaram Board and the Managing Director of its infrastructure and fintech business, noted, “We are delighted that Tata International, one of our most prestigious international clients, has decided to expand their operations in Nigeria through our ready-to-lease Standard Industrial Facility at the LFZ.”
“We are committed to supporting the next phase of growth in Nigeria for Tata International,” he assured.
“LFZ is the first and only free zone in Nigeria that is uniquely integrated with the deepest seaport in the region, the Lekki Port, which commenced operations in April 2023.
LFZ thus offers a unique location that will provide our valued tenants with seamless and cost-efficient access to domestic, regional, and international markets,” said Dinesh Rathi, CEO and Managing Director at Lagos Free Zone.
The Tata group and Tata International began the relationship with the African continent in 1977 with the establishment of Tata Zambia. In 1994, the Tata group inaugurated Tata Africa Holdings, in Johannesburg South Africa, which now serves as the group’s headquarters in the continent. Tata International is present in 12 African countries, namely South Africa, Ghana, Kenya, Ivory Coast, Malawi, Mozambique, Nigeria, Senegal, Tanzania, Uganda, Zambia and Zimbabwe. It operates in automotive, agricultural equipment, farming and farm equipment, chemicals, and healthcare products.
Established in 2012, Lagos Free Zone (LFZ) is a unique and award-winning port-based industrial zone (850 hectares) in Lagos, Nigeria, with over US$2.5 billion committed FDI projects to date. Owned and promoted by Tolaram, LFZ is located in Lekki, the sun rise development corridor in Lagos. Fiinews.com
